Professional Documents
Culture Documents
Panga Part B
Panga Part B
Panga Part B
BBQ fun will adopt balanced scorecard approach to measure the performance will enable
BBQ fun to monitor and manage overall business strategy by looking at the drivers of
current and future success for the organisation. It will focus on the link between the
marketing plan and the four critical areas of the business operations namely customer,
financial, internal business processes and learning and growth. Sales personal will have a
performance measure relating to the overall goal of BBQ fun which will be increase sales
from $15 million per year to $20 million per year in the next three years. Marketing
personnel will have performance measures that relate to overall marketing activities which
is deliver all marketing campaigns on time and within budget.
3. Using information in the BBQfun sales data worksheet, evaluate each opportunity in
terms of impact to current business and customer base. Evaluation should include
investigation of:
a. sales volume for each opportunity in FY 2017/18
b. gross and net profit for each opportunity FY 2017/18
c. use numerical analysis or statistical methods to forecast, for example, the size of
potential markets in FY2017/18.
4. consider also:
a. impact on growth plans
b. market share
c. knockout factors to rule out opportunities.
BBQ fun will adopt balanced scorecard approach to measure the performance will enable
BBQ fun to monitor and manage overall business strategy by looking at the drivers of
current and future success for the organisation. It will focus on the link between the
marketing plan and the four critical areas of the business operations namely customer,
financial, internal business processes and learning and growth. Sales personal will have a
performance measure relating to the overall goal of BBQ fun which will be increase sales
from $15 million per year to $20 million per year in the next three years. Marketing
personnel will have performance measures that relate to overall marketing activities which
is deliver all marketing campaigns on time and within budget.
5. Assess external factors which may be relevant to each opportunity. Identify all of:
a. codes of practice and models
b. regulations
c. relevant legislation.
2. Intellectual property
Intellectual property (IP) is the property of your mind or proprietary knowledge. Basically,
the productive new ideas you create. It can be an invention, trade mark, design, brand, or
the application of your idea.
2. Intellectual property
Intellectual property (IP) is the property of your mind or proprietary knowledge. Basically,
the productive new ideas you create. It can be an invention, trade mark, design, brand, or
the application of your idea.
Own brand:
If there are contract packers (manufacturers who manufacture products for sales under the
brand name of BBQfun), there would be a risk of cannibalizing BBQfun’s brand name, and
Copyright violation.
E-commerce:
- Cancellation of orders
- Unreliable information provided by customer
- Risks from online payments
Bargain market
- Lower products’ costs affect product quality
- Competitiveness from other low-cost competitors
8. Using information in the BBQfun sales data worksheet, assess the return on
investment for each opportunity. Calculate the profitability index for each
opportunity.
The return on investment formula:
10. Using information from the BBQfun sales data worksheet, for the top-ranked
marketing opportunity, identify changes to current operations in order to take
advantage of the opportunity. Ensure changes identified are adequate to:
a. service an increased or different customer base
Unfortunately, the reality for many organisations is slightly different, and organisations
often struggle to manage the basic call monitoring functions, or capture additional insight
from other channels such as email, instant messaging or social networking sites. Too often
the focus is put on streamlining internal efficiency-based metrics, meeting tightly monitored
call routing and time SLAs, while the detailed assessment of the customer experience and
the outcome of the call are put to one side.
11. Ensure you can justify changes on the basis of maintaining quality.
Build up a team for online service. Establish a website that contains all products’
information about usage, benefits, price, images
- Reinforce after-sales services
Recognize and reward. It’s one thing to espouse customer service philosophies, and another
to cultivate a rich environment for customer service agents to thrive in. Skills are required
and training is provided; but success must be recognized. Aside from sales and performance
bonuses, soft recognition programs that call out individual acts of awesomeness go a long
way toward showing your agents that you’re paying attention.
It’s just the cold, hard truth: it’s easier for fraudsters to be successful online than in
traditional brick-and-mortar locations. In an ecommerce store, it is much more difficult for
the merchant to know whether or not the person making the purchase is truly the
cardholder. In order to help prevent fraud, the BBQFUN should always use an address
verification system (AVS) in the company online store. This system checks whether the
billing address is correct by verifying it against the cardholder’s data from the issuing bank.
Often, a fraudster attempting to use a stolen card or card number doesn’t have access to
the billing address. When he or she attempts to make a purchase, and inputs the wrong
billing address, an AVS-enabled system will immediately alert you. 3 It’s important to note
that just having an incorrect billing address may not necessarily mean the transaction is
fraudulent, so it’s important to take additional security measures to ascertain the identity of
the shopper.
12. Using information from the BBQfun sales data worksheet, estimate and justify resource
requirements and costs for changed operations. Consider:
a. additional staff
b. distribution costs
c. equipment
d. promotional costs
e. staff training.
Understanding the basics of statistical analysis is a must for a successful career in the
marketing research field.
Statistical procedures and models are available to the marketing researcher to help him or
her make forecasts about future events, and these fall under the category of predictive
analysis. Regression analysis is commonly used by the marketing researcher to enhance
prediction capabilities. There is not enough information to make conclusions so the
organisation will need to perform further market research in order to interpret results and
make decisions. Descriptive statistics help researchers summarize, conceptualize,
interpolate, and communicate their findings. Descriptive analysis is performed with
measures of central tendency such as the mean, mode, or median, each of which portrays
he typical answer to the question being analysed.
Customers
- since stores are overstaffed, need for online people could be met from drawing from
existing employees at the two stores
- currently no staff have online customer service skills
- management would like to develop people through retraining rather than hire new staff to
handle
online sales
- six delivery trucks needed to enable distribution
- website will take 50 days to develop
- three forklifts needed
- four additional warehouse workers needed
2. Appropriate language and level of formality to satisfy needs of your readers:
a. formal language
b. technical vocabulary; no need to define terms such as ‘marketing mix’, for
example
c. assume knowledge of organisational policies, marketing strategies.
3. Submit your report as per specifications below. Keep a copy of your report for your
records.
Trainer will also provide further explanations on the above instructions in the class which
will clearly outline all requirements in more detail and simplistic way according to your
understanding level. You may also request your trainer for additional information and may
seek help with summarizing of all instructions if required.